This coin has been hanging around support and it is giving us a great opportunity to pick up a small bag until it wakes up again. My strategy is taking positions around support zones, where there is less risk to be dumped. Charts history says that we can get 145 % of profit, but this should take time to develop.
Yellow line: This can be resistance or support it depends where is the actual price when you are looking at the chart. Below actual price is support and above is resistance.
White line: This is bullish trend and also can be support
Fibonacci tool that has support and resistance lines where the price retraces back and can be use to set you entry or exit point.
Actual price= 0.00071739
1st Support= 0.00070447
2nd Support= 0.00067362
3er Support= 0.00058867
Resistance= 0.00084939
Ideal entry is buying around first support or some Satoshis below, and if this coin breaks support, buy around next support line. Usually when it touches strong support there will be a bounce back. Market is unstable, dont forget to set up stop loss around 5% to 15% or even more it depends of your risk tolerance.
Set targets using Fibonacci tools and remember not to be greedy. Goal is accumulate profits, small profits can become fortune.
Bullish trend still is not on yet, watch volume before taking your position.
BE AWARE OF THE MARKET VOLATILITY & ALWAYS CAUTIOUS WITH BTC!
DYOR and trade at your own risk!
